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₹245.05 2.2  0.9%

Last Trade - 11:11am

Sector
Telecoms
Size
Large Cap
Market Cap £6.39bn
Enterprise Value £6.47bn
Revenue £892.8m
Position in Universe 62nd / 3106

BUZZ-India's Bharti Infratel hits over 5-mth high after stake sale

Thu 3rd December, 2020 9:11am
** Shares of telecom infra firm  BHRI.NS  rise as much as
6.96% to 240.45 rupees, their highest in over 5 months 
    ** Bharti Airtel  BRTI.NS  on Wednesday bought an additional
4.94% stake in BHRI for 28.82 bln rupees ($390.10 mln)
 urn:newsml:reuters.com:*:nFWN2II0IT
    ** Airtel says purchase was made through its Nettle
Infrastructure Investments unit
    ** With the deal, BRTI and Nettle's aggregate shareholding
in Bharti Infratel now stands at 41.66% 
    ** BHRI shares down ~11% this year, as of last close


($1 = 73.8790 Indian rupees)

 (Reporting by Philip George in Bengaluru)
 ((P.George@thomsonreuters.com; +91 8061822657; Reuters
Messaging: p.george@thomsonreuters.net))
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